TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
THE GEORGE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)310 MORTON ST PMB C
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, TX77469

A Employer identification number

74-6043368

B Telephone number (see instructions)

(281) 342-6109

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$528,447,892J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	90
2	Check .............
3	Interest on savings and temporary cash investments	4,013,733		4,013,733
4	Dividends and interest from securities...	3,050,464		3,050,464
5a	Gross rents............	1,022,284		1,022,284
b	Net rental income or (loss) 620,479
6a	Net gain or (loss) from sale of assets not on line 10	List of Attached Documents: // Content	61,317,104
b	Gross sales price for all assets on line 6a 123,057,294
7	Capital gain net income (from Part IV, line 2)...			61,311,584
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	710,654	811,390
12	Total. Add lines 1 through 11........	70,114,329		70,209,455
13	Compensation of officers, directors, trustees, etc.	623,500		281,030	342,470
14	Other employee salaries and wages......	1,019,125		231,708	787,417
15	Pension plans, employee benefits.......	222,486		87,349	135,137
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	263,983	221,676	42,307
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	57,300	22,920	34,380
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,170,098	1,147,912	22,186
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	937,927	90,207	75,886
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	737,402	64,126
20	Occupancy..............	77,037		23,111	53,926
21	Travel, conferences, and meetings.......	4,095		410	3,685
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	3,100,115	684,363	2,415,131
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	8,213,068		2,854,812	3,912,525
25	Contributions, gifts, grants paid.......	18,606,592			18,606,592
26	Total expenses and disbursements. Add lines 24 and 25	26,819,660		2,854,812	22,519,117
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	43,294,669
b	Net investment income (if negative, enter -0-)			67,354,643
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	400	400	400
	2	Savings and temporary cash investments.........	6,676,220	22,559,221	22,559,221
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	23,941,303	25,155,574	24,592,030
	b	Investments—corporate stock (attach schedule).......	47,655,983	58,990,937	100,809,058
	c	Investments—corporate bonds (attach schedule).......	11,231,690	7,003,317	6,798,159
	11	Investments—land, buildings, and equipment: basis 30,430,042
		Less: accumulated depreciation (attach schedule) 6,445,642	25,318,746	List of Attached Documents: // Content 23,984,400	169,849,116
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	105,023,449	124,068,177	139,547,632
	14	Land, buildings, and equipment: basis 31,840,182
		Less: accumulated depreciation (attach schedule) 18,748,152	12,559,426	List of Attached Documents: // Content 13,092,030	29,228,760
	15	Other assets (describe )	List of Attached Documents: // Content 27,353,126	List of Attached Documents: // Content 29,529,866	List of Attached Documents: // Content 35,063,516
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	259,760,343	304,383,922	528,447,892
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	List of Attached Documents: // Content 11,560	List of Attached Documents: // Content 216,380
	23	Total liabilities (add lines 17 through 22).........	11,560	216,380
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	259,748,783	304,167,542
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	259,748,783	304,167,542
	30	Total liabilities and net assets/fund balances (see instructions).	259,760,343	304,383,922

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

259,748,783

Enter amount from Part I, line 27a .....................

43,294,669

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

1,207,052

Add lines 1, 2, and 3 ..........................

304,250,504

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

82,962

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

304,167,542

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	SALE OF SECURITIES	P	2024-01-01	2024-12-31
b	RMB SMID - CG DISTRIBUTIONS	P	2024-01-01	2024-12-31
c	DELTEC SPEC SIT PTN - CG	P	2024-01-01	2024-12-31
d	NORTHERN TRUST FD A/C - CG DISTRIBUTIONS	P	2024-01-01	2024-12-31
e	ITHAKA - CG DISTRIBUTIONS	P	2024-01-01	2024-12-31
	PIMCO EQUITY SER RAE FD - CG	P	2024-01-01	2024-12-31
	POLEN - CG DISTRIBUTIONS	P	2024-01-01	2024-12-31
	MILLER HOWARD - CG DISTIBUTIONS	P	2024-01-01	2024-12-31
	OAKTREE PRIVATE INVEST FD IV - CG	P	2024-01-01	2024-12-31
	1490.25 ACRES - JDC	P	1979-05-01	2024-03-13
	1978 GOOSENECK TRAILER	P	1980-01-19	2024-06-20
	1981 GOOSENECT TRAILER - SCRAPPED	P	1980-01-19	2024-12-23
	1968 MCQUERRY TRAILER - SCRAPPED	P	1980-01-19	2024-12-23
	OAKTREE PRIVATE INVEST FD IV - UBIT CG	P	2024-01-01	2024-12-31
	OAKTREE PRIVATE INVEST FD IV - UBIT CG	P	2024-01-01	2024-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	66,389,684	60,139,589	6,250,095
b	6,652		6,652
c	267,992		267,992
d	1,414,658		1,414,658
e	9,750		9,750
	4,001,414		4,001,414
	8		8
	10,045		10,045
	53,917		53,917
	50,871,174	1,575,739	49,295,435
	1,000		1,000
	301		301
	317		317

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			6,250,095
b			6,652
c			267,992
d			1,414,658
e			9,750
			4,001,414
			8
			10,045
			53,917
			49,295,435
			1,000
			301
			317

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	61,311,584
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	936,230
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	936,230
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	936,230
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	819,021
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	120,000
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	939,021
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,791
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax2,791	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Yes

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

www.thegeorgefoundation.org

The books are in care of right arrow

SANDRA G THOMPSON Telephone no. right arrow

(281) 342-6109

Located at right arrow

215 MORTON STRICHMONDTX ZIP+4 right arrow

77469

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

Yes

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

Yes

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ROGER E ADAMSON	CEO 40.00	469,900	34,348	6,719
310 MORTON ST PMB SUITE C RICHMOND,TX77469	CEO 40.00	469,900	34,348	6,719
MARK MAGEE	Trustee 4.00	31,200
310 MORTON ST PMB SUITE C RICHMOND,TX77469	Trustee 4.00	31,200
JAMES CONDREY	Trustee 6.00	31,200
310 MORTON ST PMB SUITE C RICHMOND,TX77469	Trustee 6.00	31,200
STEPHEN J EWBANK	Trustee 4.00	31,200
310 MORTON ST PMB SUITE C RICHMOND,TX77469	Trustee 4.00	31,200
THOMAS RANDLE	Trustee 4.00	28,800
310 MORTON ST PMB SUTE C RICHMOND,TX77469	Trustee 4.00	28,800
RUTHANNE MEFFORD	Trustee 4.00	31,200		1,660
310 MORTON ST PMB SUITE C RICHMOND,TX77469	Trustee 4.00	31,200		1,660

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
SANDRA G THOMPSON	CFO 40.00	257,610	106,912	600
310 MORTON ST PMB SUITE C RICHMOND,TX77469	CFO 40.00	257,610	106,912	600
ADRIENNE BARKER	GRHP SITE DIRECTOR 40.00	140,520	10,676	7,240
310 MORTON ST PMB SUITE C RICHMOND,TX77469	GRHP SITE DIRECTOR 40.00	140,520	10,676	7,240
ROCAILLE ROBERTS	PROGRAM OFFICER 40.00	118,000	2,141	7,094
310 MORTON ST PMB SUITE C RICHMOND,TX77469	PROGRAM OFFICER 40.00	118,000	2,141	7,094
ROCKY L PARR	OPERATIONS MGR 40.00	125,440	56,765	1,410
310 MORTON ST PMB SUITE C RICHMOND,TX77469	OPERATIONS MGR 40.00	125,440	56,765	1,410
SHANNAN STAVINOHA	GRANT OFFICER 40.00	131,000	1,158	7,302
310 MORTON ST PMB SUITE C RICHMOND,TX77469	GRANT OFFICER 40.00	131,000	1,158	7,302
Total number of other employees paid over $50,000...................				12

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
RMB CAPITAL MANAGEMENT LLC	INVESTMENT MANAGER	303,157
115 S LASALLE 34TH FLOOR CHICAGO,IL60601	INVESTMENT MANAGER	303,157
JACKSON WALKER LLP	LEGAL	87,963
1401 MCKINNEY SUITE 1900 HOUSTON,TX77010	LEGAL	87,963
SCHWARTZ PAGE & HARDING LLP	LEGAL	163,799
1300 POST OAK BOULEVARD SUITE 2400 HOUSTON,TX77056	LEGAL	163,799
WESTFALL CONSTRUCTORS LTD	CONSTRUCTION	602,290
3835 DACOMA HOUSTON,TX77092	CONSTRUCTION	602,290
PAUL COMSTOCK PARTNERS	INVESTMENT COUNCIL	201,123
1177 WEST LOOP SOUTH SUITE 1500 HOUSTON,TX77027	INVESTMENT COUNCIL	201,123

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	THE GEORGE RANCH HISTORICAL PARK (GRHP) - OPERATING EXPENSESTHE GRHP IS AN OUTDOOR LIVING MUSEUM WHERE EVERY DAY, THE LEGENDS AND LEGACIES OF THOSE WHO SHAPED THIS PLACE COME TO LIFE. AUTHENTIC LOCATIONS, HISTORIC HOMES, COSTUMED PRESENTERS AND A REMARKABLE STORY OF DETERMINATION AND COURAGE SET THE STAGE FOR TREKKING THROUGH TEXAS HISTORY. PUBLIC TOURS AND AN EXTENSIVE LIST OF SCHOOL PROGRAMS ARE AVAILABLE.24,365 STUDENT GROUP ATTENDEES FROM 128 PUBLIC SCHOOLS;90 PRIVATE/CHARTER GROUPS; 33 SUMMER GROUPS - 31 INDEPENDENT SCHOOL DISTRICTS, PLUS 90 PRIVATE/CHARTER SCHOOLS, AND 18 COUNTIES	2,077,837
2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

289,100,684

Average of monthly cash balances.......................

562,804

Fair market value of all other assets (see instructions)................

207,202,360

Total (add lines 1a, b, and c).........................

496,865,848

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

496,865,848

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

7,452,988

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

489,412,860

Minimum investment return. Enter 5% (0.05) of line 5................

24,470,643

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

24,470,643

Tax on investment income for 2024 from Part V, line 5 .......

936,230

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

936,230

Distributable amount before adjustments. Subtract line 2c from line 1............

23,534,413

Recoveries of amounts treated as qualifying distributions................

186,736

Add lines 3 and 4............................

23,721,149

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

23,721,149

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

22,519,117

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

1,283,704

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

23,802,821

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7			23,721,149
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......		15,056,725
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $ 23,802,821
a Applied to 2023, but not more than line 2a		15,056,725
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2024 distributable amount.....			8,746,096
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........			14,975,053
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

TRUSTEES - THE GEORGE FOUNDATION
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
(281) 342-6109
grants@thegeorgefoundation.org

bThe form in which applications should be submitted and information and materials they should include:

GO TO WWW.THEGEORGEFOUNDATION.ORG/NONPROFITS FOR INFORMATION ON APPLYING FOR A GRANT FROM THE GEORGE FOUNDATION.

cAny submission deadlines:

GO TO WWW.THEGEORGEFOUNDATION.ORG/NONPROFITS FOR DEADLINES

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

GO TO WWW.THEGEORGEFOUNDATION.ORG/NONPROFITS FOR LIMITATIONS ON AWARDS

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SEE ATTACHED PDF SEE ATTACHED PDF SEE ATTACHED PDF,TX77469	NONE		SEE ATTACHED PDF	18,606,592
Total ................................. 3a				18,606,592

bApproved for future payment
SEE ATTACHED PDF SEE ATTACHED PDF SEE ATTACHED PDF,TX77469	NONE	SEE ATTACHED PDF	7,968,147
Total ................................. 3b			7,968,147

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	4,013,733
4 Dividends and interest from securities ....			14	3,050,464
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property			16	620,479
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	61,317,104
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aEASEMENTS/ROW			16	67
bMISCELLANEOUS INCOME			14	9,439
cOIL & GAS ROYALTIES			15	1,148,428
dOTHER PORTFOLIO INCOME			14	27,494
ePARTNERSHIP INCOME			14	-374,038
fPTN INCOME (AHC RYON) - UBTI	901101	-200,960
gPTN INCOME (OAKTREE) - UBTI	901101	-95,574
hPTNSHIP INCOME - UBTI CG 1231	901101	9,443
iRECOVERY OF PRIOR GRANTS			1	170,606
jSALE OF LIVESTOCK			18	15,749
12 Subtotal. Add columns (b), (d), and (e) ..		-287,091		69,999,525

13Total. Add line 12, columns (b), (d), and (e)..................

69,712,434

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

Yes

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements
1a(1)	100,000	MORTON CEMETERY	CASH GRANT

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:	24020490
Software Version:	2024v5.2

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	57,300	22,920	0	34,380

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
SEPTIC SYS-FARM HOUSE	1997-08-12	1,874	1,266	SL	39.0000	48
215 MORTON PROF FEES-2002	2004-09-20	2,357	1,155	SL	39.0000	60
215 MORTON PROF FEES-2003	2004-09-20	34,357	16,959	SL	39.0000	881
THOMPSON L/G FENCE	2004-12-12	4,128	4,103	SL	20.0000	25
215 MORTON OFF BLDG-30%	2004-09-20	504,629	249,164	SL	39.0000	12,939
215 MORTON FINAL COST 30%	2005-01-01	2,683	1,311	SL	39.0000	69
BOOTH TRACT FENCE	2006-10-05	11,196	9,660	SL	20.0000	560
PARTITION FEN-PAST 4 & 9	2007-09-27	1,291	1,056	SL	20.0000	65
FENCE-1 M S BOUND THOMPSO	2009-09-16	4,118	2,935	SL	20.0000	206
CULVERT ON "NEW ROAD"	2010-06-24	1,646	1,485	SL	15.0000	110
DONAVAN FENCE PROJECT	2010-08-18	14,490	9,667	SL	20.0000	725
BOOTH TRACT FENCE (NRG)	2011-10-26	19,452	11,838	SL	20.0000	973
BOOTH TR HAY FLD CULVERTS	2011-02-24	1,161	989	SL	15.0000	77
2 DRAINAGE PIPES	2012-04-19	1,493	1,166	SL	15.0000	100
TWIN WINDMILL RD DRAINAGE	2012-12-05	716	532	SL	15.0000	48
ABOVE GRD FUEL TANK@SHOP	2012-12-30	12,794	9,383	SL	15.0000	853
SAWMILL RD FENCE	2012-10-25	2,983	1,664	SL	20.0000	149
BERRY TRACT DRAINAGE PIPE	2012-10-18	2,281	1,697	SL	15.0000	152
36" DRAINAGE PIPE FLD 166	2013-02-21	1,352	975	SL	15.0000	90
ABOVE GRD FUEL TANK@SHOP	2013-01-16	12,794	9,312	SL	15.0000	853
MANUEL MORRIS CONTAINERS	2013-03-11	7,350	3,986	SL	20.0000	368
MANUEL MORRIS SHED	2013-05-02	25,850	13,792	SL	20.0000	1,293
36" CULVERT THOMPSON #15	2013-02-21	4,073	2,946	SL	15.0000	272
MANUEL MORRIS STCKPEN/FEN	2013-05-23	43,265	22,892	SL	20.0000	2,163
LAKE/BULL PASTURE FENCE	2013-07-01	59,920	31,458	SL	20.0000	2,996
ELECTRIC@M MORRIS BARN	2013-08-21	1,689	868	SL	20.0000	84
FENCE THOMPSON #10 & #11	2013-02-07	1,634	895	SL	20.0000	82
THOMPSON PERAMETER FENCE	2014-11-20	47,769	21,691	SL	20.0000	2,388
THOMPSON PERIMETER FENCE	2015-10-01	55,469	22,877	SL	20.0000	2,773
N SIDE AWNING-1/2	2015-12-30	475	256	SL	15.0000	32
N SIDE AWNING -1/2	2016-03-03	475	250	SL	15.0000	32
FENCE-BIG CREEK BY PASS	2016-10-24	3,628	1,734	SL	15.0000	242
48" 20' DRAINAGE PIPE	2017-03-14	2,176	991	SL	15.0000	145
LOW WATER CROSSING	2017-12-07	6,800	2,756	SL	15.0000	453
ONEIDA FLATWARE FOR 12	2017-10-05	382	344	SL	7.0000	38
RECEPTION DESK AREA RUG	2017-11-30	224	195	SL	7.0000	29
TILE AT N ENTRANCE	2017-03-01	2,543	1,161	SL	15.0000	170
TILE AT RECEPTION SM CONF	2017-10-26	2,294	943	SL	15.0000	153
MANITOWOC ICE MACH	2017-05-11	2,125	2,026	SL	7.0000	99
K150 KEURIG COFFEE MAKER	2018-07-19	200	157	SL	7.0000	29
215 MORTON AC UPGRADE 30%	2018-07-03	10,800	3,960	SL	15.0000	720
WTER HTR FOR KITCHEN	2018-07-19	260	200	SL	7.0000	37
A MEYERS RD SECURITY GATE	2019-04-10	5,509	1,307	SL	20.0000	275
AIR COMP 5.5HP 8 GAL-50%	2019-02-14	475	334	SL	7.0000	68
BOOTH TRACT FENCE	2019-06-20	15,050	3,388	SL	20.0000	753
SONICWALL TZ300 FIREWALL	2019-02-14	1,017	998	SL	5.0000	19
DELL PWREDGE T640 FILE SV	2019-03-13	6,795	6,569	SL	5.0000	226
DELL OPTIPLEX 7060-ROGER	2019-08-01	2,145	1,895	SL	5.0000	250
DELL PRECISION 7530-SANDR	2019-08-01	3,676	3,246	SL	5.0000	430
DELL OPTIPLEX 7060-MARLA	2019-08-01	1,486	1,312	SL	5.0000	174
HP OFFICE JET 5255 PR-MD	2019-07-11	70	63	SL	5.0000	7
GE 30IN ELECT RANGE	2019-06-20	939	603	SL	7.0000	134
DISHWASHER WHIRLPOOL	2019-09-12	630	390	SL	7.0000	90
2 25 TON A/C UNITS-30%	2019-10-30	30,823	8,562	SL	15.0000	2,055
2016 KUBOTA RTV-X1140 - 2/3	2020-02-04	8,667	4,849	SL	7.0000	1,238
PORTABLE WELDING MACHINE	2020-02-05	2,695	1,508	SL	7.0000	385
STIHL CHAINSAW MS 170	2020-03-25	180	97	SL	7.0000	26
STIHL POLE SAW HT 56 C-EZ	2020-03-25	400	214	SL	7.0000	57
2020 JD 5115M TRACTOR - 50%	2020-08-17	34,550	16,453	SL	7.0000	4,936
JD M15 FLEX WING SHREDDER - 50%	2020-08-26	8,699	4,143	SL	7.0000	1,243
FENCE BOOTH TRACT	2020-10-05	10,566	1,716	SL	20.0000	528
DELL OPTIPLEX 7070 - DONNA	2020-04-09	1,378	1,035	SL	5.0000	276
DELL OPTIPLEX 7070 - DIANA	2020-07-28	1,648	1,127	SL	5.0000	330
IPAD-10.2 IN WIFI - DONNA	2020-09-24	625	406	SL	5.0000	125
STANLEY SECURITY CAMERAS INTERCOM	2020-07-07	6,345	2,222	SL	10.0000	635
500 GAL SPRAY TANK	2021-12-10	3,106	925	SL	7.0000	444
2021 FORD F-250 (50%)	2021-03-03	32,544	18,442	SL	5.0000	6,509
LOGITECH WEBCAM (DIANA)	2021-06-04	130	67	SL	5.0000	26
LOGITECH C 930 WEBCAM (ROGER)	2021-06-04	130	67	SL	5.0000	26
AT&T SB3014 CONF PHONE	2021-07-26	248	85	SL	7.0000	35
WIFI ACCESS POINTS, NETGEAR POE SWI	2021-09-10	360	168	SL	5.0000	72
SONY BLUETOOTH WIRELESS SPEAKER	2021-10-27	89	39	SL	5.0000	18
FELLOWES 99CI SHREDDER (DIANA)	2021-11-24	293	87	SL	7.0000	42
LOGITECH C930E WEBCAM CONF RM	2021-12-22	130	52	SL	5.0000	26
JABRA 750 WIRELESS SPEAKER CONF RM	2021-12-22	329	132	SL	5.0000	66
DELL OPTIPLEX 7090 (CONF RM)	2021-12-22	1,242	496	SL	5.0000	248
215 MORTON ROOF - 30%	2021-09-10	9,600	1,120	SL	20.0000	480
BIG CREEK DRAINAGE PIPE	2022-05-16	20,525	2,166	SL	15.0000	1,368
CIRCLE OAK IRRIGATION-TREE	2022-09-21	2,500	446	SL	7.0000	357
11 2X4 4000K LIGHTS	2022-02-10	2,712	520	SL	10.0000	271
SHARP MX-5071 COPIER	2022-02-14	9,695	2,655	SL	7.0000	1,385
ANKER NUBULA PROJECTOR	2022-04-05	575	144	SL	7.0000	82
FUJITSU SCAN SNAP (SANDRA)	2022-12-21	494	99	SL	5.0000	99
SAMSUNG 85" TV CONF RM	2022-12-21	1,299	186	SL	7.0000	186
2 POLY CCZ 400 PHONES	2023-06-23	466	33	SL	7.0000	67
3 POLY VVX 450 PHONES	2023-06-23	342	24	SL	7.0000	49
2 LH570 WIRELESS HEADSETS	2023-07-19	598	36	SL	7.0000	85
APPLE IPAD PRO 12.9 (CONDREY)	2023-07-30	1,350	113	SL	5.0000	270
APPLE IPAD PRO 12.9 (MEFFORD)	2023-09-07	1,299	87	SL	5.0000	260
POLYCOM MICROPHONE	2023-09-26	185	7	SL	7.0000	26
TRIO C60 CONF PHONE	2023-10-18	1,279	30	SL	7.0000	183
2X4 LED LIGHT FIXTURES - 48	2023-02-15	8,183	500	SL	15.0000	546
ELEVATOR NEW PHONE	2023-05-17	1,335	111	SL	7.0000	191
SERRATO LANE BLDG IMPROVEMENTS	2023-10-27	20,747	173	SL	20.0000	1,037
FENCE BETWEEN TGF & NRG	2023-11-28	16,067	67	SL	20.0000	803
SERRATO LANE - PWR POLE	2024-08-21	2,500		SL	15.0000	56
DELL PC MONITOR-MELISSA	2024-05-16	1,638		SL	5.0000	191
OWL 360 1080P HD SMART VIDEO	2024-01-07	1,391		SL	5.0000	278
CIRCLE OAK TREE LIGHTNING PROTECTIO	2024-06-21	7,046		SL	7.0000	503

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 GainLossSaleOtherAssetsSch

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
2000 CHEVY 1-T PU - SCRAPPED	2000-02	Purchase	2024-12		382		Cost		382
2022 JD 4044M TRACTOR - TRADED IN	2022-02	Purchase	2024-02		30,000	24,862	Cost		5,138

- TIN:

TY 2024 InvestmentsLandSchedule2

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Buildings	7,088,852	6,445,642	643,210	4,360,575
Land	23,341,190		23,341,190	165,488,541

- TIN:

TY 2024 LandEtcSchedule2

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Buildings	31,393,192	18,748,152	12,645,040	11,848,760
Land	446,990		446,990	17,380,000

- TIN:

TY 2024 LegalFeesSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
GENERAL LEGAL FEES	39,405	11,821	27,584
GRANT RELATED	14,723	0	14,723
OIL AND GAS RELATED	24,357	24,357	0
REAL ESTATE COUNCIL	185,498	185,498	0

- TIN:

TY 2024 OtherAssetsSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
BERRY PLACE HOLDINGS LP	12,962,600	14,903,972	18,740,862
BERRY PLACE VENTURE LP	6,711,576	6,689,699	8,386,459
BERRY PLACE VENTURES MGMT LLC	7,016	7,016	7,016
FAIRCHILD FARMERS COOP GIN RECEIVABLE	9,539	6,781	6,781
LID #6 REIMBURSEABLE	929,816	929,816	929,816
MMD #3 REIMBURSABLE	29,995	37,452	37,452
MUD #207 REIMBURSEABLE	6,612,206	6,612,206	6,612,206
MUD #237 REIMBURSABLE	63,382	116,972	116,972
MUD DIRECTOR NOTES RECEIVABLE		200,000	200,000
OTHER ASSETS	9,055	9,055	9,055
PLAINS COTTON COOP ASSOC RECEIVABLE	2,808	2,403	2,403
PURCHASED INTEREST	15,133	14,494	14,494

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Description	Amount
WRITE OFF BASIS OF CHARITABLE USE ASSETS	82,962

- TIN:

TY 2024 OtherExpensesSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
GEORGE RANCH HISTORICAL PARK OPERATIONS	2,077,837		2,077,837
GRANT RELATED EXPENSES	184,349		184,349
INSURANCE	161,481	53,987	107,494
MISCELLANEOUS	10,506	1,576	8,930
OFFICE EXPENSE	63,886	32,650	31,236
PARTNERSHIP - NONDEDUCTIBLE EXPENSE	621
PARTNERSHIP DEDUCTIONS	165,932	165,932
REAL ESTATE RELATED EXPENSES	26,148	26,148
Rental Expenses	401,805	401,805
TRUSTEE EXPENSES	7,550	2,265	5,285

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Description	Revenue And Expenses Per Books	Net Investment Income
EASEMENTS/ROW	67	67
MISCELLANEOUS INCOME	9,439	9,439
OIL & GAS ROYALTIES	1,148,428	1,148,428
OTHER PORTFOLIO INCOME	27,494	27,494
PARTNERSHIP INCOME	-374,038	-374,038
PTN INCOME (AHC RYON) - UBTI	-200,960
PTN INCOME (OAKTREE) - UBTI	-95,574
PTNSHIP INCOME - UBTI CG 1231	9,443
RECOVERY OF PRIOR GRANTS	170,606
SALE OF LIVESTOCK	15,749

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Description	Amount
FMV OF LAND DONATED IN EXCESS OF BASIS	1,207,052

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Description	Beginning of Year - Book Value	End of Year - Book Value
HOUSE DEPOSITS	1,650	6,477
CREDIT CARD DEBT	9,909	12,315
DEFERRED REVENUE MUD DIRECTOR LOTS		197,588
Rounding	1

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
COMPUTER CONSULTING FEES	36,976	14,790	22,186
INVESTMENT CUSTODIAL FEES	54,385	54,385	0
INVESTMENT MANAGEMENT FEES	786,557	786,557	0
REAL ESTATE CONSULTING FEES	292,180	292,180	0

- TIN:

TY 2024 TaxesSchedule

Name:

THE GEORGE FOUNDATION

EIN:

74-6043368

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
AD VALOREM TAXES	78,620	59,029	19,591
EXCISE TAXES	771,834
FOREIGN TAXES	865	865
PAYROLL TAXES	86,608	30,313	56,295